The European Commission said on Thursday Apple made concessions in a long-running EU competition probe into the company’s pay system that may avert huge fines.
Chinese tech giant Xiaomi will begin selling its first electric car, the SU7, at the end of March.
The fine relates to Apple’s practice of charging companies a 30 per cent fee for sales made through apps running on Apple’s iOS operating system for iPhones and iPads.
Apple said it provided ANFR multiple and independent lab results proving its compliance.
France has ordered Apple to remove its three-year-old iPhone 12 from the market because tests showed electromagnetic radiation above permissible levels.
A combination of increasing inflation, tightening monetary policy, and poor earnings updates prompted an unprecedented selloff in the stock.
The downturn followed an already poor year for tech companies, which were among the top gainers during the pandemic’s early phases.
Apple has warned customers to expect delays in iPhone shipments due to COVID-19 restrictions at a manufacturing factory in China.
Spotify has accused Apple of engaging in “anti-competitive” behaviour by blocking its audiobook purchasing system and making it hard to sell audiobooks.
Tech giant Apple is set to launch its latest iPhone on Wednesday, where the company is expected to reveal new versions of the iPhone and Apple Watch.
